Loomis signs new five year loan facility
Loomis AB has signed a multi-currency revolving credit facility for USD 150 million and SEK 1.0 billion with a consortium of banks. The new facility matures in 2016 and will be used for partial repayment of an existing facility as well as for general corporate purposes.
Loomis offers a wide range of solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 370 branch offices in 14 European countries and in the US. Loomis has 20 000 employees and a turnover of SEK 12 billion. The Loomis share is listed on NASDAQ OMX Stockholm.
Loomis was advised by Mannheimer Swartling in the transaction. Zoran Stambolovski handled the assignment, primarily assisted by Susanne Forsberg.